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|
MIRA INFORM REPORT
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Report No. : |
487266 |
|
Report Date : |
24.01.2018 |
IDENTIFICATION DETAILS
|
Name : |
PRESTIGE METALLICS PRIVATE LIMITED (w.e.f.12.10.2009) |
|
|
|
|
Formerly Known
As : |
S. G. ALLOYS AND ISPAT PRIVATE LIMITED |
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Registered
Office : |
E-8 and E-9, Loha Bazar, Ring Road No. 2, Hirapur, Raipur – 492001,
Chhattisgarh |
|
Tel. No.: |
91-771-6995111 |
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|
|
|
Country : |
India |
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|
|
|
Financials (as
on) : |
31.03.2017 |
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|
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|
Date of
Incorporation : |
22.06.2009 |
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|
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|
Com. Reg. No.: |
021242 |
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Capital
Investment / Paid-up Capital : |
INR 15.762 Million |
|
|
|
|
CIN No.: [Company Identification
No.] |
U27100CT2009PTC021242 |
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|
|
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IEC No.: |
Not Applicable (As informed by the management that firm does not have export and import) |
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|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
Not Available |
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|
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TIN No.: |
22211902473 |
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|
|
|
PAN No.: [Permanent Account No.] |
AANCS1382B |
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|
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GST No.: |
22AANCS1382B2ZN |
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Legal Form : |
Private Limited Liability Company |
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Line of Business
: |
·
Trader of various Iron and steel products such as
HR Sheets/Plates, Special Quality Plates, Wire Rod, Angles, Tubular Sections
etc. [Confirmed by
Management] ·
Trading of Steel [Registered Activity] |
|
|
|
|
No. of Employees
: |
33 (Approximately) |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
|
MIRA’s Rating : |
A |
|
Credit Rating |
Explanation |
Rating Comments |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
Status : |
Satisfactory |
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|
|
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
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|
Comments : |
Subject is an established company incorporated in the year 2009 having
satisfactory track record. For the financial year ended 2017, the company has witnessed a growth
in its revenue and has reported profit margin at 0.54% [approximately]. The company possesses and acceptable financial profile marked by
healthy net worth base along with fair debt level of the company. However, the rating strength is partially offset by highly competitive
steel industry. Trade relations are reported as fair. Business is active. Payments
terms are reported as slow but correct. The company can be considered for business dealings at usual trade
terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List
|
Country Name |
Previous Rating (30.06.2017) |
Current Rating (30.09.2017) |
|
India |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
D |
EXTERNAL AGENCY RATING
NOT AVAILABLE
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of
31-03-2016.
BIFR (Board for Industrial & Financial Reconstruction) LISTING
STATUS
Subject’s name is not listed as a Sick Unit in
the publicly available BIFR (Board for Industrial & Financial
Reconstruction) list as of 24.01.2018
IBBI (Insolvency and Bankruptcy Board of India) LISTING STATUS
Subject’s name is not listed in the publicly
available IBBI (Insolvency and Bankruptcy Board of India) list as of report
date.
INFORMATION PARTED BY [GENERAL DETAILS]
|
Name : |
Mr. Vishal Gupta |
|
Designation : |
Director |
|
Contact No.: |
91-9009491000 |
|
Date : |
20.01.2018 |
LOCATIONS
|
Registered Office/ Warehouse : |
E-8 and E-9, Loha Bazar, Ring Road No. 2, Hirapur, Raipur – 492001,
Chhattisgarh, India |
|
Tel. No.: |
91-771-6995111 |
|
Mobile No.: |
91-9009491000 (Mr. Vishal Gupta) |
|
Fax No.: |
Not Available |
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E-Mail : |
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|
Website : |
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Location : |
Rented |
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Locality : |
Industrial |
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Head Office : |
Near Loha, Bazar, Main Road, Hirapur, Raipur-492001, Chhattisgarh,
India |
|
Tel. No.: |
91-771-2220100 |
DIRECTORS
AS ON: 31.03.2017
|
Name : |
Mr. Sanjesh Gupta |
|||||||||||||
|
Designation : |
Director |
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|
Address : |
House No. 92, Park, Street No. 1, Near Dashara MAidan Choubey Colony,
Raipur – 492001, Chhattisgarh, India |
|||||||||||||
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Date of Birth/Age : |
08.10.1987 |
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Date of Appointment : |
22.06.2009 |
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DIN No.: |
02598654 |
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|||||||||||||
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Name : |
Mr. Vishal Gupta |
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Designation : |
Director |
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Address : |
Plot No.: 316, Samta Colony, Raipur - 492001, Chhattisgarh, India |
|||||||||||||
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Date of Birth/Age : |
22.02.1986 |
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Qualification : |
Graduate |
|||||||||||||
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Date of Appointment : |
22.06.2009 |
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DIN No.: |
02665306 |
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|||||||||||||
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Name : |
Mr. Vikas Gupta |
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Designation : |
Director |
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Address : |
Plot No.: 316, Samta Colony, Raipur - 492001, Chhattisgarh, India |
|||||||||||||
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Date of Birth/Age : |
02.06.1987 |
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Qualification : |
Graduate |
|||||||||||||
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Date of Appointment : |
01.09.2011 |
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DIN No.: |
03115558 |
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MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
AS ON: 31.03.2017
|
Names of Shareholders |
|
No. of Shares |
|
Sanjesh Gupta |
|
52990 |
|
Vishal Gupta |
|
43000 |
|
Guljari Lal Gupta |
|
67000 |
|
Anjula Gupta |
|
44000 |
|
Sangeeta Gupta |
|
168400 |
|
Vikash Gupta |
|
20000 |
|
Sajjan Kumar Gupta |
|
391500 |
|
Guljari Lal Gupta (HUF) |
|
16000 |
|
Sajjan Kumar Gupta (HUF) |
|
10000 |
|
Vedant Commodeal Private Limited, India |
|
35000 |
|
Newedge Vinimay Private Limited, India |
|
35000 |
|
Festino Vincom Private Limited, India |
|
30000 |
|
Unicon Tie-up Private Limited, India |
|
30000 |
|
Marina Commodeal Private Limited, India |
|
9000 |
|
Matrix Vintrade Private Limited, India |
|
9000 |
|
Prestige Power and Steel Private Limited, India |
|
39200 |
|
Shri Krishna Loha Ispat Private Limited, India |
|
509635 |
|
Aditya Real Estate and Developers Private Limited, India |
|
66510 |
|
|
|
|
|
Total |
|
1576235 |
AS ON: 29.09.2017
|
Equity Share Breakup |
Percentage of Holding |
|
Category |
|
|
Promoters – Individual/ Hindu Undivided Family – Indian |
51.57 |
|
Promoters – Body Corporate |
48.43 |
|
|
|
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
·
Trader of various Iron and steel products such as
HR Sheets/Plates, Special Quality Plates, Wire Rod, Angles, Tubular Sections etc. [Confirmed by Management] ·
Trading of Steel [Registered Activity] |
||||
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Products : |
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||||
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Brand Names : |
Not Available |
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Agencies Held : |
Not Available |
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Exports : |
Not Available |
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|
||||
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Imports : |
Not Available |
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|
||||
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Terms : |
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||||
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Selling : |
Advance Payment, L/C, Credit [15 and 45 Days] and Others [RTGS, NEFT] |
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|
||||
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Purchasing : |
Advance Payment, L/C, Credit [15 and 45 Days] and Others [RTGS, NEFT] |
PRODUCTION STATUS: [NOT AVAILABLE]
GENERAL INFORMATION
|
Suppliers : |
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Customers : |
End Users
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No. of Employees : |
33 (Approximately) |
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Bankers : |
· State Bank of India Medium
Enterprises (Sales Hub), SME Branch Premises, Ground Floor, Raipur-492001,
Chhattisgarh, India |
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Facilities : |
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Auditors : |
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|
Name : |
Mahendra Kashyap and Company Chartered Accountants |
|
Address : |
Loha Bazar, Ring Road No. 2, Raipur, Chhattisgarh, India |
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PAN No.: |
AEWPK4438G |
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|
|
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Memberships : |
Not Available |
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|
|
|
Collaborators : |
Not Available |
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|
Enterprises which are owned, or have significant
influence of or are partners with Key management personnel and their
relatives: |
· Shri Krishna Loha Ispat Private Limited · Prestige Power and Steel Private Limited · Mukesh steel Traders, Raipur · Vishal steel Traders, Raipur |
CAPITAL STRUCTURE
AS ON: 31.03.2017
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
2000000 |
Equity Shares |
INR 10/- each |
INR 20.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
1576235 |
Equity Shares |
INR 10/- each |
INR 15.762
Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in INR Million]
ABRIDGED
BALANCE SHEET [STANDALONE]
|
SOURCES OF FUNDS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
15.762 |
15.097 |
15.097 |
|
(b) Reserves and Surplus |
139.744 |
124.239 |
119.164 |
|
(c) Money
received against share warrants |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
0.000 |
0.000 |
0.000 |
|
Total
Shareholders’ Funds (1) + (2) |
155.506 |
139.336 |
134.261 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
0.000 |
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
0.000 |
0.000 |
0.000 |
|
(c) Other long-term
liabilities |
0.000 |
0.000 |
0.000 |
|
(d) long-term
provisions |
0.000 |
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
(4) Current
Liabilities |
|
|
|
|
(a) Short-term
borrowings |
220.506 |
215.648 |
226.852 |
|
(b) Trade
payables |
62.543 |
37.389 |
92.753 |
|
(c) Other
current liabilities |
12.124 |
5.103 |
4.390 |
|
(d) Short-term
provisions |
0.000 |
0.448 |
0.000 |
|
Total Current
Liabilities (4) |
295.173 |
258.588 |
323.995 |
|
|
|
|
|
|
TOTAL |
450.679 |
397.924 |
458.256 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1)
Non-current assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
3.474 |
1.435 |
1.396 |
|
(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
|
(iii) Tangible assets
capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
|
(b) Non-current Investments |
62.398 |
62.398 |
1.370 |
|
(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
0.806 |
0.714 |
0.191 |
|
(e) Other
Non-current assets |
0.000 |
0.000 |
0.000 |
|
Total Non-Current
Assets |
66.678 |
64.547 |
2.957 |
|
|
|
|
|
|
(2) Current
assets |
|
|
|
|
(a)
Current investments |
0.000 |
0.000 |
0.000 |
|
(b)
Inventories |
150.182 |
179.589 |
202.891 |
|
(c) Trade
receivables |
199.376 |
160.154 |
222.882 |
|
(d) Cash and
bank balances |
3.408 |
2.064 |
8.629 |
|
(e) Short-term
loans and advances |
92.063 |
52.598 |
20.897 |
|
(f) Other
current assets |
0.000 |
0.000 |
0.000 |
|
Total
Current Assets |
445.029 |
394.405 |
455.299 |
|
|
|
|
|
|
TOTAL |
450.679 |
397.924 |
458.256 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
1824.782 |
1521.676 |
1475.644 |
|
|
Other Income |
2.700 |
3.988 |
1.159 |
|
|
TOTAL |
1827.482 |
1525.664 |
1476.803 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Purchases of
Stock-in-Trade |
1724.645 |
1438.569 |
1507.136 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
29.406 |
23.302 |
(84.128) |
|
|
Employee benefit expense |
7.978 |
3.250 |
2.516 |
|
|
Other expenses |
23.570 |
22.076 |
15.833 |
|
|
TOTAL |
1785.599 |
1487.197 |
1441.357 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
41.883 |
38.467 |
35.446 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
26.298 |
29.995 |
27.205 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
15.585 |
8.472 |
8.241 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
0.592 |
0.621 |
0.509 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
14.993 |
7.851 |
7.732 |
|
|
|
|
|
|
|
Less |
TAX |
5.141 |
2.776 |
2.436 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
9.852 |
5.075 |
5.296 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per Share
(INR) |
10.16 |
5.23 |
5.46 |
CURRENT MATURITIES
OF LONG TERM DEBT DETAILS
|
Particulars |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Maturities of Long term debt |
NA |
NA |
NA |
|
|
|
|
|
|
Net cash flows from (used in) operations |
14.993 |
7.851 |
7.732 |
|
|
|
|
|
|
Net cash flows from (used in) operating activities |
14.993 |
7.851 |
7.732 |
KEY
RATIOS
EFFICIENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Average Collection Days (Sundry
Debtors / Income * 365 Days) |
39.88 |
38.42 |
55.13 |
|
|
|
|
|
|
Account Receivables Turnover (Income / Sundry Debtors) |
9.15 |
9.50 |
6.62 |
|
|
|
|
|
|
Average Payment Days (Sundry Creditors / Purchases * 365 Days) |
13.24 |
9.49 |
22.46 |
|
|
|
|
|
|
Inventory Turnover (Operating Income / Inventories) |
0.28 |
0.21 |
0.17 |
|
|
|
|
|
|
Asset Turnover (Operating Income / Net Fixed Assets) |
12.06 |
26.81 |
25.39 |
LEVERAGE RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Debt Ratio ((Borrowing
+ Current Liabilities) / Total Assets) |
0.65 |
0.65 |
0.71 |
|
|
|
|
|
|
Debt Equity Ratio (Total Liability / Networth) |
1.42 |
1.55 |
1.69 |
|
|
|
|
|
|
Current Liabilities to Networth (Current Liabilities / Net Worth) |
1.90 |
1.86 |
2.41 |
|
|
|
|
|
|
Fixed Assets to Networth (Net Fixed Assets / Networth) |
0.02 |
0.01 |
0.01 |
|
|
|
|
|
|
Interest Coverage Ratio (PBIT / Financial Charges) |
1.59 |
1.28 |
1.30 |
PROFITABILITY RATIOS
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Net Profit Margin ((PAT / Sales) * 100) |
% |
0.54 |
0.33 |
0.36 |
|
|
|
|
|
|
|
Return on Total Assets ((PAT / Total Assets) * 100) |
% |
2.19 |
1.28 |
1.16 |
|
|
|
|
|
|
|
Return on Investment (ROI) ((PAT / Networth) * 100) |
% |
6.34 |
3.64 |
3.94 |
SOLVENCY RATIOS
|
PARTICULARS |
31.03.2017 |
31.03.2016 |
31.03.2015 |
|
Current Ratio (Current
Assets / Current Liabilities) |
1.51 |
1.53 |
1.41 |
|
|
|
|
|
|
Quick Ratio ((Current Assets – Inventories) / Current
Liabilities) |
1.00 |
0.83 |
0.78 |
|
|
|
|
|
|
G-Score Ratio Financial (Networth / Total Assets) |
0.35 |
0.35 |
0.29 |
|
|
|
|
|
|
G-Score Ratio Debt (Debts / Equity Capital) |
13.99 |
14.28 |
15.03 |
|
|
|
|
|
|
G-Score Ratio Liquidity (Total Current Assets / Total Current Liabilities) |
1.51 |
1.53 |
1.41 |
Total
Liability = Short-term Debt + Long-term Debt + Current Maturities of Long-term
debts
FINANCIAL ANALYSIS
[all figures are in
INR Million]
DEBT EQUITY RATIO
|
Particular |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Share Capital |
15.097 |
15.097 |
15.762 |
|
Reserves & Surplus |
119.164 |
124.239 |
139.744 |
|
Money received against share
warrants |
0.000 |
0.000 |
0.000 |
|
Share Application money
pending allotment |
0.000 |
0.000 |
0.000 |
|
Net
worth |
134.261 |
139.336 |
155.506 |
|
|
|
|
|
|
Long-term borrowings |
0.000 |
0.000 |
0.000 |
|
Short term borrowings |
226.852 |
215.648 |
220.506 |
|
Total
borrowings |
226.852 |
215.648 |
220.506 |
|
Debt/Equity
ratio |
1.690 |
1.548 |
1.418 |
YEAR-ON-YEAR GROWTH
|
Year
on Year Growth |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Sales |
1475.644 |
1521.676 |
1824.782 |
|
|
|
3.119 |
19.919 |
NET PROFIT MARGIN
|
Net
Profit Margin |
31.03.2015 |
31.03.2016 |
31.03.2017 |
|
|
(INR
In Million) |
(INR
In Million) |
(INR
In Million) |
|
Sales |
1475.644 |
1521.676 |
1824.782 |
|
Profit/ (Loss) |
5.296 |
5.075 |
9.852 |
|
|
0.36
% |
0.33
% |
0.54
% |
ABRIDGED
BALANCE SHEET [CONSOLIDATED]
|
SOURCES OF FUNDS |
|
31.03.2017 |
31.03.2016 |
|
I.
EQUITY
AND LIABILITIES |
|
|
|
|
(1)Shareholders' Funds |
|
|
|
|
(a) Share Capital |
|
15.762 |
15.097 |
|
(b) Reserves and Surplus |
|
200.771 |
185.267 |
|
(c) Money
received against share warrants |
|
0.000 |
0.000 |
|
|
|
|
|
|
(2) Share Application money pending
allotment |
|
0.000 |
0.000 |
|
Total Shareholders’
Funds (1) + (2) |
|
216.533 |
200.364 |
|
|
|
|
|
|
(3)
Non-Current Liabilities |
|
|
|
|
(a) long-term borrowings |
|
0.000 |
0.000 |
|
(b) Deferred tax liabilities (Net) |
|
0.000 |
0.000 |
|
(c) Other long-term
liabilities |
|
0.000 |
0.000 |
|
(d) long-term
provisions |
|
0.000 |
0.000 |
|
Total Non-current
Liabilities (3) |
|
0.000 |
0.000 |
|
|
|
|
|
|
(4)
Current Liabilities |
|
|
|
|
(a) Short-term
borrowings |
|
220.506 |
215.648 |
|
(b) Trade
payables |
|
62.543 |
37.389 |
|
(c) Other
current liabilities |
|
12.124 |
5.103 |
|
(d) Short-term
provisions |
|
0.000 |
0.448 |
|
Total Current
Liabilities (4) |
|
295.173 |
258.588 |
|
|
|
|
|
|
TOTAL |
|
511.706 |
458.952 |
|
|
|
|
|
|
II.
ASSETS |
|
|
|
|
(1) Non-current
assets |
|
|
|
|
(a) Fixed
Assets |
|
|
|
|
(i)
Tangible assets |
|
3.474 |
1.435 |
|
(ii)
Intangible Assets |
|
0.000 |
0.000 |
|
(iii) Tangible assets
capital work-in-progress |
|
0.000 |
0.000 |
|
(iv)
Intangible assets under development |
|
0.000 |
0.000 |
|
(b) Non-current Investments |
|
62.398 |
62.398 |
|
(c) Deferred tax assets (net) |
|
0.000 |
0.000 |
|
(d)
Long-term loans and advances |
|
0.806 |
0.714 |
|
(e) Other
Non-current assets |
|
0.000 |
0.000 |
|
Total Non-Current Assets |
|
66.678 |
64.547 |
|
|
|
|
|
|
(2)
Current assets |
|
|
|
|
(a)
Current investments |
|
0.000 |
0.000 |
|
(b)
Inventories |
|
150.182 |
179.589 |
|
(c) Trade
receivables |
|
199.376 |
160.154 |
|
(d) Cash and
bank balances |
|
3.407 |
2.064 |
|
(e)
Short-term loans and advances |
|
92.063 |
52.598 |
|
(f) Other
current assets |
|
0.000 |
0.000 |
|
Total
Current Assets |
|
445.028 |
394.405 |
|
|
|
|
|
|
TOTAL |
|
511.706 |
458.952 |
PROFIT
& LOSS ACCOUNT
|
|
PARTICULARS |
|
31.03.2017 |
31.03.2016 |
|
|
SALES |
|
|
|
|
|
Total
Revenue from operations |
|
1824.782 |
1521.676 |
|
|
Other Income |
|
2.700 |
3.988 |
|
|
TOTAL |
|
1827.482 |
1525.664 |
|
|
|
|
|
|
|
Less |
EXPENSES |
|
|
|
|
|
Purchases of Stock-in-Trade |
|
1724.645 |
1438.569 |
|
|
Changes in inventories of
finished goods, work-in-progress and Stock-in-Trade |
|
29.406 |
23.302 |
|
|
Employee benefit expense |
|
7.978 |
3.250 |
|
|
Other expenses |
|
23.570 |
22.076 |
|
|
TOTAL |
|
1785.599 |
1487.197 |
|
|
|
|
|
|
|
|
PROFIT/
(LOSS) BEFORE INTEREST, TAX,
DEPRECIATION AND AMORTISATION |
|
41.883 |
38.467 |
|
|
|
|
|
|
|
Less |
FINANCIAL
EXPENSES |
|
26.298 |
29.995 |
|
|
|
|
|
|
|
|
PROFIT / (LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION |
|
15.585 |
8.472 |
|
|
|
|
|
|
|
Less/ Add |
DEPRECIATION/
AMORTISATION |
|
0.592 |
0.621 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
BEFORE TAX |
|
14.993 |
7.851 |
|
|
|
|
|
|
|
Less |
TAX |
|
5.141 |
2.776 |
|
|
|
|
|
|
|
|
PROFIT/ (LOSS)
AFTER TAX |
|
9.852 |
5.075 |
|
|
|
|
|
|
|
|
Earnings / (Loss) Per
Share (INR) |
|
10.16 |
5.23 |
LOCAL AGENCY FURTHER INFORMATION
|
Sr. No. |
Check list by
info agents |
Available in
Report (Yes/No) |
|
1 |
Year of establishment |
Yes |
|
2 |
Constitution of the entity -Incorporation
details |
Yes |
|
3 |
Locality of the entity |
Yes |
|
4 |
Premises details |
No |
|
5 |
Buyer visit details |
-- |
|
6 |
Contact numbers |
Yes |
|
7 |
Name of the person contacted |
Yes |
|
8 |
Designation of contact person |
Yes |
|
9 |
Promoter’s background |
Yes |
|
10 |
Date of Birth of Proprietor / Partners /
Directors |
Yes |
|
11 |
Pan Card No. of Proprietor / Partners |
No |
|
12 |
Voter Id Card No. of Proprietor / Partners |
No |
|
13 |
Type of business |
Yes |
|
14 |
Line of Business |
Yes |
|
15 |
Export/import details (if applicable) |
No |
|
16 |
No. of employees |
Yes |
|
17 |
Details of sister concerns |
Yes |
|
18 |
Major suppliers |
No |
|
19 |
Major customers |
No |
|
20 |
Banking Details |
Yes |
|
21 |
Banking facility details |
Yes |
|
22 |
Conduct of the banking account |
-- |
|
23 |
Financials, if provided |
Yes |
|
24 |
Capital in the business |
Yes |
|
25 |
Last accounts filed at ROC, if applicable |
Yes |
|
26 |
Turnover of firm for last three years |
Yes |
|
27 |
Reasons for variation <> 20% |
-- |
|
28 |
Estimation for coming financial year |
No |
|
29 |
Profitability for last three years |
Yes |
|
30 |
Major shareholders, if available |
Yes |
|
31 |
External Agency Rating, if available |
No |
|
32 |
Litigations that the firm/promoter
involved in |
-- |
|
33 |
Market information |
-- |
|
34 |
Payments terms |
Yes |
|
35 |
Negative Reporting by Auditors in the
Annual Report |
No |
INDEX OF CHARGES
|
CHARGES REGISTERED |
||||||||
|
SNO |
SRN |
CHARGE ID |
CHARGE HOLDER NAME |
DATE OF CREATION |
DATE OF MODIFICATION |
DATE OF SATISFACTION |
AMOUNT |
ADDRESS |
|
1 |
G52496718 |
10495074 |
KOTAK MAHINDRA BANK LIMITED |
31/03/2014 |
28/08/2017 |
- |
280000000.0 |
27BKC, C 27, G BLOCKBANDRA KURLA COMPLEX, BANDRA (E),MUMBAIMA400051IN |
|
2 |
C07430747 |
10209163 |
STATE BANK OF INDIA |
04/03/2010 |
16/05/2013 |
26/05/2014 |
180000000.0 |
MEDIUM ENTERPRISES (SALES HUB),SME BRANCH PREMISES, BYRON BAZARRAIPURCT492001IN |
STATE OF COMPANY
AFFAIRS AND FUTURE OUTLOOK
During the year, the turnover of the Company has increased to INR 1827.482 Million as compared to INR 1525.664 Million in the previous year. Further the profit after depreciation & taxation of the Company has increased to INR 9.852 Million as compared to INR 5.075 Million in the previous year. The Directors are hopeful to achieve the desired profits by better utilization of resources in the coming year.
FIXED ASSETS:
- Land
- Furniture and fixtures
- Vehicles
- Motor vehicles
- Office equipment
- Computer equipment’s
- Other equipment’s
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service,
Interpol, etc.
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners, controlling
shareholders or senior officers as terrorist or terrorist organization or whom
notice had been received that all financial transactions involving their assets
have been blocked or convicted, found guilty or against whom a judgement or
order had been entered in a proceedings for violating money-laundering,
anti-corruption or bribery or international economic or anti-terrorism sanction
laws or whose assets were seized, blocked, frozen or ordered forfeited for
violation of money laundering or international anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
INR |
|
US Dollar |
1 |
INR 63.77 |
|
UK Pound |
1 |
INR 89.20 |
|
Euro |
1 |
INR 78.22 |
INFORMATION DETAILS
|
Information
Gathered by : |
PNM |
|
|
|
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
RUP |
SCORE FACTORS
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
RATING EXPLANATIONS
|
Credit Rating |
Explanation |
Rating Comments |
|
A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
|
A+ |
Low Risk |
Business dealings permissible with low
risk of default |
|
A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
|
B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
|
C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
|
D |
High Risk |
Business dealing not recommended or on
secured terms only |
|
NB |
New Business |
No recommendation can be done due to
business in infancy stage |
|
NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is
calculated from a composite of weighted scores obtained from each of the major
sections of this report. The assessed factors are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.